The binki fairy made my job so easy. I completely stole this idea off SuperNanny, so I really can't take any credit. Here's the timeline of events.
Walking out to the mailbox to get her special gift from the Binki Fairy

Getting it out of the mailbox

Heading to put all her binki's in the envelope. (it's 7 p.m. - of course we need shades)

Putting the binki's back in the mailbox

The next morning! We made it! Her special gift from the binki fairy.

The suspense is building, what did she bring.

It's a...

...Princess dress (She loves to dress up, so it's a big pretty dress to twirl in)
Tips and Tricks:*Every kid is different and their love of binki's are too. Eloise used it only at naptime and nighttime. We weaned her early on of using it during the day (probably 9 months or so). But she did love to hold them. She always had 4 in her bed and made sure they were in her hands. This was what worried me the most. We made sure she had a sippy cup and a few other favorite comfort items close by.
*We talked about the binki fairy ALOT. So much that she started talking about when the binki fairy was going to come. We knew we had to jump on it or we would pass our window.
*I had to set my mindset to the fact that this was not only the breaking of a habit but a grieving process for her. That sounds TOTALLY cheesy, but it made me have ALOT of compassion for her when she was crying. She had this for 3 years! If I had something that long everytime I went to sleep, I would be sad too.
*Following the above, tenderness. When she cried, I made sure to say, "I know it's hard, but remember where the binki fairy took them, to all the babies". I kept reminding her that the binki fairy was coming in the morning with a special gift. We also did LOTS of cuddles.
*I knew it was going to take a LONG time for her to fall asleep the first night and I had to be okay with that. We tried to skip her nap that day, but she fell asleep. I would recommend skipping the nap. It made tonight, so much easier.
*the middle of the night was hard, but I let Dave deal with that ;)
*Prepare for the worst and hope for the best. It will only last a few days and then you will be back on track.
*She did ask for it at naptime, but we reminded her again where they went and she snapped out of it really quick. She didn't take a nap, just a rest so I'm eager to see when she'll nap again.
*remember: what works for some, may not work for the rest.
Good luck all you binki fairy's.